Explore BrainMass
Share

# Market price

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Refer to the attachment for a perfectly competitive firm. If the market price is \$10

a) the firm should produce 25 units

b) the firm will continue to operate in the short run

c) an economic loss will occur

d) all of the above

https://brainmass.com/economics/perfect-competition/market-price-competitive-firm-180477

#### Solution Preview

If the market price is \$10

d) all of the above

The firm should produce 25 units as its the equilibrium point and it will be operating in short run as Market price is equal or greater than AVC. There is an economic loss as AVC is more than ...

#### Solution Summary

This explains the concept of market price in perfect competition market

\$2.19

## Home Market Value vs Age: Scatter Chart, Trendline, Regression

See attached data file for data tables

1.
Using the data in the Excel in the file Home Market Value, construct a scatter chart for market value versus age and add a linear trendline. Compare the coefficient of determination with the model developed in this chapter. What do you conclude?

2.
Using the data in the Excel file Demographics, determine if a linear relationship exists between unemployment rates and cost of living indexes by constructing a scatter chart and adding a trendline. What is the regression model and R1?

3.
Using the data in the Excel file Student Grades, construct a scatter chart for midterm versus final exam grades and add a linear trendline. What is the regression model and R2? If a student scores 85 on the midterm, what would you estimate her grade on the final exam to be?

6.
The Excel file Hypothetical Stock Data shows daily closing prices for a particular stock and the S&P 500 index.

a. Apply regression analysis to find the beta associated with the stock.
b. Test the hypothesis that beta is equal to one.
c. Find a 95% confidence interval for beta.

View Full Posting Details